MARA to Raise $2B to Expand Crypto Holdings
Bitcoin miner MARA Holdings is returning to public markets with a $2 billion stock sale aimed at expanding its Bitcoin holdings, following a strategy popularized by Michael Saylor of Strategy.
According to a recent filing with the Securities and Exchange Commission, MARA plans to offer up to $2 billion in common stock through an at-the-market offering, partnering with major brokers such as Barclays and Cantor Fitzgerald.
The proceeds are intended for general corporate purposes, “including the acquisition of Bitcoin,” as stated in the company’s prospectus.
This move supports MARA’s strategy of focusing on treasury growth. Currently, the company holds over 46,000 Bitcoin, making it the second-largest public holder, following Strategy, which holds over half a million Bitcoin.
